Hagerty (NYSE:HGTY) Given New $16.00 Price Target at Truist Financial

Hagerty (NYSE:HGTY) had its target price raised by Truist Financial from $13.00 to $16.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.

Several other equities analysts have also issued reports on HGTY. Oppenheimer restated an “outperform” rating and set a $20.00 price target on shares of Hagerty in a research note on Tuesday. JPMorgan Chase & Co. lifted their price objective on Hagerty from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Weiss Ratings upgraded Hagerty from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Keefe, Bruyette & Woods upped their target price on Hagerty from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Tuesday, August 11th. Finally, Wells Fargo & Company raised their target price on Hagerty from $14.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Hagerty currently has a consensus rating of “Hold” and a consensus price target of $16.43.

Hagerty Stock Performance

NYSE HGTY opened at $18.71 on Wednesday. The company’s fifty day moving average is $14.36 and its two-hundred day moving average is $12.13. Hagerty has a 52-week low of $9.36 and a 52-week high of $18.73. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a market capitalization of $6.43 billion, a price-to-earnings ratio of 311.82 and a beta of 0.83.

Hagerty (NYSE:HGTY) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.09. Hagerty had a net margin of 1.08% and a return on equity of 6.31%. The business had revenue of $354.24 million during the quarter, compared to analyst estimates of $338.99 million. Equities research analysts forecast that Hagerty will post 0.01 EPS for the current year.

Insiders Place Their Bets

In other Hagerty news, major shareholder Holding Corp. Hagerty sold 1,387,500 shares of the company’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $11.47, for a total value of $15,914,625.00. Following the sale, the insider directly owned 9,250,000 shares in the company, valued at $106,097,500. This represents a 13.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Lincoln Capital LLC increased its holdings in shares of Hagerty by 38.7% during the third quarter. Lincoln Capital LLC now owns 1,350,809 shares of the company’s stock worth $18,209,000 after buying an additional 377,158 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Hagerty by 49.5% in the first quarter. Dimensional Fund Advisors LP now owns 271,346 shares of the company’s stock valued at $2,857,000 after acquiring an additional 89,898 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Hagerty by 79.2% during the 1st quarter. Renaissance Technologies LLC now owns 157,668 shares of the company’s stock worth $1,660,000 after buying an additional 69,700 shares during the period. E. Ohman J or Asset Management AB raised its position in shares of Hagerty by 4.2% during the 3rd quarter. E. Ohman J or Asset Management AB now owns 48,047 shares of the company’s stock valued at $647,000 after acquiring an additional 1,941 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Hagerty by 3.1% during the first quarter. Bank of New York Mellon Corp now owns 39,730 shares of the company’s stock worth $418,000 after buying an additional 1,209 shares during the last quarter. 20.51% of the stock is owned by institutional investors.

Hagerty News Summary

Here are the key news stories impacting Hagerty this week:

• Positive Sentiment: Hagerty reported adjusted EPS of $0.10, well above the $0.01 consensus, and revenue of $354.24 million versus analysts’ $338.99 million estimate. The company also raised its 2026 net income outlook to $48–$60 million and adjusted EBITDA outlook to $305–$315 million. Hagerty third-quarter results and outlook
• Positive Sentiment: Underlying business measures showed growth: written premium rose 18% year over year, earned premium increased 42%, and Hagerty added a record 402,000 members in the first nine months. Adjusted EBITDA and operating cash flow were also higher year to date. Long-term investor takeaways
• Positive Sentiment: Citizens JMP raised its price target from $15 to $19 and maintained a “market outperform” rating, signaling a favorable view of the outlook. Citizens JMP recommendations
• Negative Sentiment: Reported revenue has been affected by Hagerty’s transition to the Markel fronting arrangement. Year-to-date net income was also lower than the prior-year period, with the company citing substantial transition costs. Hagerty third-quarter results and outlook
• Negative Sentiment: Truist raised its target to $16 and Wells Fargo to $17, but both kept neutral ratings; those targets are below the referenced share price. This suggests some analysts see limited near-term upside after the stock’s recent rise. Truist recommendations Wells Fargo recommendations

About Hagerty

Hagerty, Inc is an automotive lifestyle and insurance company focused on enthusiasts and owners of classic, collector and specialty vehicles. The company provides insurance brokerage and related services designed for collector vehicles, with coverage generally underwritten by third-party insurance carriers.

In addition to insurance, Hagerty offers vehicle valuation and pricing information, membership programs, editorial content, events and enthusiast-focused digital services. Its offerings include Hagerty Drivers Club, Hagerty Valuations and Hagerty Marketplace, which connects buyers and sellers of collectible vehicles.